Industrial locations with wide ranging potential

35 Fairfax Ave, Penrose will be keenly sought.

Four South Auckland commercial properties for sale are being marketed as "representing a strong cross-section of prospects that can be bought at an affordable level by investors or intended owner-occupiers".

The properties at 10 Oak Rd and 3 Balemi Way in Wiri, 35 Fairfax Ave in Penrose and 72-86 Great South Rd, Takanini, are being sold by Claus Brewer, Mark Bramwell, Paul Steele and Raj Chaudhary of CBRE.

All four properties are for sale by deadline private treaty, with a closing date of June 5 unless sold before the deadline date.

Steele and Brewer are selling a high-quality industrial facility at Wiri on behalf of the owner-occupier, who also owns the Fairfax Ave property.

Steele says the company owning the properties is consolidating its operations from both facilities into a bigger one in Wiri.

"The freehold Oak Rd property provides an excellent opportunity to acquire a quality building in one of Auckland's most popular and fast-growing industrial precincts," Steele says.

"It is located in an established area, benefiting from good street profile on a well-maintained street.

"Additional features include a gantry crane and rail, three roller shutter doors, drive-around access and land for expansion at the rear.

"With a good level of workshop and warehouse space, this facility also has office content and amenities facing Oak Rd that could accommodate a showroom."

The 1375sq m of buildings occupy a 2955sq m site, with a large frontage of 44m on to Oak Rd, and encompass medium-stud warehouse accommodation of 5.5m at the knee rising to 7m at the apex.

Steele says the property, zoned Business 6, accessed between Kerrs Rd and Wiri Station Rd, is just 2.5km to State Highway 20 motorway and 3km to State Highway 1, giving quick access to the airport, the CBD and the greater Auckland area.

The surrounding area has warehouses and manufacturing companies of a similar style and scale, including Griffins, Godfrey Hirst and Gough.

Brewer says the vendor, plans to continue to occupy the property to January 31 next year, 2015, with holding income on offer. "This could be a net lease at market rental rates to the new purchaser upon settlement or, alternatively, a delayed settlement could be agreed to coincide with the date of vacant possession."

Steele and colleague Chaudhary are selling 35 Fairfax Ave, Penrose, for the same vendor.

This Business 4 property is on a 1048sq m site with road frontage of 18m to Fairfax Ave that allows for signage opportunities.

Chaudhary says the property is a tidy industrial facility with a warehouse stud of 6.6m at the knee rising to 9m. Access is through a single roller door with a 6m clearance.

It has two allocated office areas on either side of the warehouse.

The second refurbished and partitioned office area, with its own lunchroom and bathroom, is sublet for extra income. An area in front of the building has 10 car parks.

Steele says it is intended this property will also remain occupied by the vendor until January 31 next year. "When vacated it will offer industrial accommodation that will appeal to a wide range of buyers," he says.

"This is a rare freehold secure site in the heart of South Auckland's industrial precinct incorporating a five-tonne gantry crane and rail, with undercover car parks, and an office split that allows for buyers to sublease and gain a second income.

"As with Oak Rd, holding income is on offer at market rental rates to the new purchaser upon settlement. Alternatively, a delayed settlement could be agreed in line with vacant possession being provided early in 2015."

Chaudhary says the size and location of the warehouse will make it highly sought after by owner-occupiers or established small-to-medium enterprises. "The property is on Fairfax Ave, with access between Walls Rd and Station Rd, within the established industrial precinct of Penrose. It's just 1.5km from State Highway 1 with easy access to the Auckland Airport, CBD and greater Auckland area. It is also within walking distance of Penrose train station."

Back in Wiri, Steele, Brewer and colleague Branwell have a 4000sq m parcel of land for sale at 3 Balemi Way on the edge of the Stonehill Business Park. The site, zoned Business 6, has only temporary structures on the property, including 210sq m of free-standing office space and a flat sealed yard area of 3350sq m.

Bramwell says the property is located on the western side of McLaughlins Rd and represents an excellent chance to acquire a rare parcel of industrial land in one of Auckland's fastest-growing industrial precincts.

"This is an ideal contractor's yard or development site in a central Wiri location close to major motorway links and would suit a number of contractors looking to service the region."

Brewer says it is a challenge to secure development land like this at present.

"In addition, the opportunity to purchase freehold is very limited at present and we have seen prices increase noticeably in the past six months.

"We agree with the New Zealand Property Council, as recently reported in the Herald, that a dearth of land zoned by Auckland Council for commercial purposes will have significant ramifications for Auckland's future employment, business and economic growth.

"The shortage exists in both large and small format scenarios, with fewer and fewer options available - particularly in Wiri and Penrose."

The fourth CBRE property, at 72-86 Great South Rd, is being marketed by Brewer and Steele.

"This is an excellent and affordable opportunity to acquire a well-appointed industrial building in one of Auckland's pre-eminent industrial precincts," Brewer says.

"Not only does it have good road frontage and display to an arterial city route, but it is also close to State Highway 1 motorway, with land for further development or expansion.

"The site is highly suited to the current tenant's operations, with the business having occupied the site for past 20 years or more."

The large flat section of 8681sq m is zoned Industrial 3 and has road frontage on to Great South Rd.

The rear boundary adjoins the main trunk rail line.

The property has a low site coverage of 35 per cent, providing good yard turning space while allowing for future expansion in a growth area that has good underlying land value.

Steele says there is a separate two-storey office building at the entrance of the site.

"The main workshop building contains four two-tonne gantries and is accessed through 4.5m wide roller doors.

"There are additional roller doors to the rear of the main workshop as well as a canopy that extends the entire length of the area.

"A separate 132.36sq m freestanding building to the rear of the site offers the possibility for activity separation or additional storage."

The property is subject to an Auckland District Law Society lease to Fairfax Industries and earns a rental income of $270,000 a year plus GST.

Brewer says the property fronts and has access from Great South Rd at the northern end of Takanini and benefits from high exposure to large volumes of traffic.

"It is well situated in Takanini between Manuroa Rd and Spartan Rd, adjacent to the Takanini on-ramp and off-ramp of State Highway 1.

"It is a popular and convenient industrial close to suburbs that have good labour pools."